My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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The 5 rules to profitable reversal trading. Understand how to trade transitions
When you are a technical trader, you should specialize in trading one setup only until you can comfortably trade your one strategy profitably. A trader who focuses on one setup exclusively will quickly pick up all the subtle nuances about his one setup and can then easily become the expert around the pattern. In my own trading, I decided a few years back that I was only going to trade transitions and reversals. Little did I know that this decision enabled me to quickly take my trading to a completely new level. Today I might not be able to interpret whole charts all the time or use fundamental data, but when it comes ... (full story)